Business

‘Wake up Young People!’: CNBC’s Santelli Delivers Stern Warning to those 27 and Under

Rick Santelli, the man commonly credited with starting the Tea Party movement, took time during CNBC’s “Santelli Exchange” to discuss his thoughts on the U.S. national debt, student loans, and the implications of the recent Greek and French elections.

“Sometimes the math just doesn’t add up,” Santelli said, “But even more than the math, the lesson from Europe and the elections this weekend is simple: nobody is going to volunteer for austerity.”

“Austerity,” of course, refers to the method of dealing with massive amounts of debt through harsh budget cuts and major slashes in public spending; it’s dealing with “past due bills,” as Santelli puts it.

“In this country, the minute you’re born, according to the debt clock, you have about a $50,000 dollar debt — the minute you’re born,” Santelli continued.

“Now that’s per individual…if you’re a taxpayer, it’s closer to $138,000 per head. Now let’s look at what everybody wants to talk about,” Santelli said while circling the word “growth” on his dry erase board.

“Growth…is definitely something that’s in the windshield while austerity is in the rearview mirror.”

Watch Santelli discuss jobs, student loans, and austerity (via CNBC):

“The jobs outlook in the U.S. isn’t very good,” Santelli said, “And it’s really about young people. Look at the unemployment rate among the young and you realize jobs are really most important to them. Why? Because young people, and as a voting bloc, all of you people out there — about 27 or younger — I just want you to understand they lay of the land: your generation, and the generations to follow you that aren’t born yet, are paying for a meal that previous generations like mine have eaten. We’re sending you the check.”

“But, in order to send you the check, we have to make you a bit optimistic about the future and I find that rather difficult…when you have these numbers on your head,” the CNBC analyst said while circling the aforementioned $50,000 dollars of automatic debt everyone is born with, according to the debt clock.

Santelli went on to explain that the only way to keep younger generations optimistic in the face of rising healthcare and education costs (on top of the automatic debt) is to “reel” them into the political “ponzi scheme” of trying to pay for all the austerity of the past.

But how do you “reel in” the younger generations? Simple: promise to “take care of them” with things like student loan forgiveness so that, in return, they’ll agree to subsidize, well, pretty much everything with the capital they generate.

“Wake up young people! It’s on your shoulders and you’re a big voting bloc. You can make change,” Santelli concluded.

Front page photo source: Mediaite

Comments (150)

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  • grandillusion
    Posted on May 8, 2012 at 4:48pm

    Why can’t the Republicans express their views in a simple and concise way like Rick Santelli. We need to stop trying to play O‘bama’s game and get our message out. Obama will lie his way to another term if Romney can’t be more assertive regarding the many failures of this administration.

    Report Post »  
    • jhaydeng
      Posted on May 8, 2012 at 5:04pm

      He is the true Godfather!

      Report Post »  
    • Shiroi Raion
      Posted on May 8, 2012 at 5:23pm

      Libertarians have to explain why the country is in bad shape. Liberals just say, “The Republicans did it! Don’t look at us, we’re trying to fix it.” They don’t see that the Progressives caused the mess because Liberals think there is a magic money pot and they can spend, spend, spend… i.e. buy votes. Kids are an easy target because they think the government is the magic money pot. They don’t realize, the government just takes the money from us.
      In other words, Liberals can simply say, “Vote for me, I’ll give you government money.” Conservatives and Libertarians have to explain why the Liberals and Progressives are destroying their futures and we can’t do that in 140 characters or less… sigh.

      Report Post » Shiroi Raion  
    • Shiroi Raion
      Posted on May 8, 2012 at 5:32pm

      I think I have a better way to explain. First, little kids get “free money” from the tooth fairy. Then, they learn there is no tooth fairy. Later, they start to think, their parents have an endless supply of money. When they learn that their parents don’t have a printing press, they turn to government. They create the money.
      I put it this way once… Liberals don’t believe in celebrating Christmas to honor Jesus, but they believe that Santa drops an endless supply of money trees from his sleigh onto the White House.

      Report Post » Shiroi Raion  
    • Sue Dohnim
      Posted on May 8, 2012 at 5:38pm

      Yes, it is frustrating the “modern liberal” is the candyman, handing out goodies to an infantilized society while true conservatives need to take away the candy and say “GROW UP”. People don’t want to be adults, they want to remain in their immature dependent “modern liberal” existence.

      Adding to the problem is that many Republicans are NOT true Conservatives.

      Report Post » Sue Dohnim  
    • abbygirl1994
      Posted on May 8, 2012 at 5:53pm

      Mitt Romney hasn’t even started yet… all he has to bring up is every failed thing Obama has done! Which is everything he has done so far.. except giving the okay to kill Osama bin Laden, which I have my doubts that he is even dead!

      Report Post » abbygirl1994  
    • leftcoastslut
      Posted on May 8, 2012 at 5:54pm

      I remember his “deer in the headlights’ look back in 2008 when the market crashed, he’s a good man, trying to get the truth out….

      Report Post »  
    • Detroit paperboy
      Posted on May 8, 2012 at 6:06pm

      The Republican silence on the destruction of America , speaks volumes…… It’s disgusting and shameful!!!!

      Report Post »  
    • soybomb315
      Posted on May 8, 2012 at 6:13pm

      The young adults have woken up – its why they support ron paul. The republicans discount them at their own risk….They are the future of the party

      Report Post » soybomb315  
    • williaml
      Posted on May 8, 2012 at 6:15pm

      it is because the GOP are really Republocrats.
      They could have reversed those bad decisions since the late 60′s

      Report Post »  
    • MCDAVE
      Posted on May 8, 2012 at 6:20pm

      Obama is nothing without the total support of the lame stream media,who never quit lying on his behalf…

      Report Post »  
    • MAMMY_NUNN
      Posted on May 8, 2012 at 6:36pm

      Look no one in State or Federal Governments are going to take the debt situation seriously until it is their paychecks that are at risk. FIRE THEM ALL !!!

      Report Post »  
    • MAMMY_NUNN
      Posted on May 8, 2012 at 6:42pm

      When the axe comes down Legislaters get paid last.

      Report Post »  
    • food plot 7.62
      Posted on May 8, 2012 at 7:17pm

      Keep it to the point. No namby pamby jiberish.

      Report Post » food plot 7.62  
    • smokey888x2
      Posted on May 8, 2012 at 7:56pm

      grandillusion
      Posted on May 8, 2012 at 4:48pm
      “Why can’t the Republicans express their views in a simple and concise way like Rick Santelli. We need to stop trying to play O‘bama’s game and get our message out. Obama will lie his way to another term if Romney can’t be more assertive regarding the many failures of this administration.”

      I agree 100%! And why doesn’t the RNC have our community organizing in place now. There are far more on every block in America who don‘t have a clue what’s going on. They don’t know the mainstream media is in the bucket because most are not political. Why don’t we have an organization together getting out the wide spectrum of facts. This is a campaign not a ‘wait for the commercial’ couch potato.

      Report Post » smokey888x2  
    • antisocialist
      Posted on May 8, 2012 at 9:04pm

      Because the Republican message is pretty much the same as the Democratic message. Neither party actually wants to follow the Constitution. Both parties believe in Govt. “taking care” of you.

      Report Post » antisocialist  
    • The-Monk
      Posted on May 8, 2012 at 9:14pm

      @Sue Dohnim
      I see you changed your picture. You now look like an upside-down “Klaatu barada nikto”. I like it.

      Report Post » The-Monk  
    • claymoremacm
      Posted on May 8, 2012 at 9:26pm

      Can i pay off my dept and my ,wife‘s and child’s and desendents debt now and never get taxed again? is fed state local restate sales etc?

      Report Post » claymoremacm  
    • Sue Dohnim
      Posted on May 8, 2012 at 9:37pm

      @THE-MONK
      Well, I did not want to be recognized anymore, people were stopping me on the street asking for autographs, speak at mall openings,, so I donned a mask

      Report Post » Sue Dohnim  
    • jzs
      Posted on May 8, 2012 at 9:58pm

      Where was Rick Santelli when Bush started two wars on a credit card, and passed an unpaid for prescription benefit plan? And then dramatically cut taxes, something that has never in American history been done when the country was at war.

      And, of course, you know the rest: the economy collapsed and government tax revenue plummeted.

      So how do we spin that, especially now that we have a ??? President in office? Obviously the problem is lazy poor people who refuse to carry the load and are looking for a handout. It’s not the two wars, it’s not the unpaid for drug benefit, it’s not the loss of revenue from the the great recession that occurred after seven years of Bush policies, or the tax cuts, it’s poor people who are the problem! Yeah, that’s it. Sure, I’ll buy that.

      Report Post » jzs  
    • SpeckChaser
      Posted on May 8, 2012 at 10:16pm

      JZs

      LOL

      Report Post » SpeckChaser  
    • Therightsofbilly
      Posted on May 8, 2012 at 10:29pm

      Hey Speckchaser,

      Short, succinct, and to the point.

      No need to waste words on that tired old shpeel.

      Oh, sorry JZS, here……..http://www.urbandictionary.com/define.php?term=shpeel

      Report Post » Therightsofbilly  
    • Sue Dohnim
      Posted on May 8, 2012 at 11:09pm

      @JZS

      You do realize that the entire complex global financial system is a corrupt ponzi scheme and that Bush operating within that system, he did contribute to the problem but this thing is much bigger than Bush and started many many years ago. As “Statist” as Bush was, Obama and the Dems are so much worse, it is unfathomable the damage that they have done. They have institutionalized a perpetual debt and deficit expansion that is completely unsustainable, destroying the future of Americans and of future Americans who will be born into a massive debt enslavement. By focusing on Bush you miss the forest, a massive parasitic leviathan consuming the individual for the STATE..

      Do you know the total debt plus obligations???

      $120 TRILLION

      The keynesian ponzi is over, it can’t be serviced, the bill is due, the free stuff isn’t free after all. Socialism and its utopian promise is a fraud. It is a redistribution of wealth from the future.

      Report Post » Sue Dohnim  
    • Therightsofbilly
      Posted on May 8, 2012 at 11:28pm

      @SUE DOHNIM

      Thank you for posting the bastiat.org link earlier today.

      Gave it a quick browse before. Going to go give it a better read now.

      Report Post » Therightsofbilly  
    • PatrickJ
      Posted on May 9, 2012 at 1:23am

      Santelli makes it simple to understand! Can someone make a video of 4 old people getting out of a booth at a restaurant while 8 young people wait to get in and then the waiter or waitress hands them the 4 old peoples bill WITH the menu and explain that they have to pay for it. When asked why, the waiter explain this is what you get when you voted for ANY “sweet talking promiser” for president or non fiscally conservative member of congress. Can someone do that and post a link for EVERYONE here to share?
      America will thank you too!

      Report Post » PatrickJ  
    • christopher.duncan2388
      Posted on May 9, 2012 at 3:12am

      Soybomb… I think the young voters actually support Ron Paul because he says he wants to legalize weed… And are mostly naive enough to believe that an isolationist foreign policy is actually good for the country….

      Report Post » christopher.duncan2388  
    • Marci
      Posted on May 9, 2012 at 3:27am

      I wish they would do this too Grand. But those who are in the election game are too busy spewing out cliches and worn out mantras in an attempt to reel in the independent or non-involved voter. The campaigns aren’t for those of us who know what is going on. We all know that Romney isn’t the best that can be done, but we also know we are royally screwed if Obama takes a seat in the oval office for four more years.

      Report Post » Marci  
    • mauijonny
      Posted on May 9, 2012 at 4:44am

      And in the end…the funds you take…are equal to…the funds you make.

      Report Post » mauijonny  
    • BuggiOlleo
      Posted on May 9, 2012 at 7:40am

      Romney, so far, is doing fine; its “ we ” that need to help spread the word..locally.

      Report Post » BuggiOlleo  
    • Kevin The Elder
      Posted on May 9, 2012 at 7:52am

      There is no doubt that things are as bad as Mr. Santelli reports. I do think that the message is indeed reaching more now than would have in the past, which as soybomb315 accurately reported is why so many of the young turned to Mr. Paul. However, now that the chances for the good Senator to become President are shown to be nil, I fear where these young Americans will go. Let’s all be honest. If you were that age, and know the truth as it is, the future does indeed seem bleak. Would your concern be alleviated by what is being said by Mr. Romney? Or would the lure of OWS, with its visions of ‘action’ be more attractive? I think back to when I was that age and in all honesty, I don‘t think I’d be thinking about an election when I’ve already seen what has occurred under the present leader and the alternative only seems to be a mirror image of the prior one who got us into the mess (not that I believe that, but apparently the MSM has managed make that a ‘fact’). We need bold leadership and are getting none. A third party needs to be started NOW to begin running candidates in 2014 and to hopefully present a legitimate candidate for President in 2016. May I suggest as soon as Romney wins, those on the GOP right, threaten to break away and join the upstart party unless the new President IMMEDIATELY act to curtail government and begin the effort to return jobs to America.

      Report Post »  
    • Flyingfish
      Posted on May 9, 2012 at 9:58am

      Ugh most Republicans are Progressives too. Here is a list of “Progressive” or “Progressive Like” Projects”

      Goto public K12 schools, use public parks facilities, get unemployment, welfare, goto a State College, use public hospitals, support subsidized housing, support heavy corporate regulation, buy into social security, medicare, medicade, support heavy financial regulations, drive on public roads, support farm subsidies, like mandated vehicle fuel economy and safety standards, support any kind of bailout corporate or individual, support heavy EPA regulations, got all your federal taxes back plus a “rebate check”, support TSA “like” security, are anti-legalized drug use, anti-gun or pro-gun control, and so on and so on…..

      You may not be drinking the Brando* every time you are thirsty, but you are still drinking it if you support any of the above.

      * Brando, it’s got what Progressives Crave (Now with 25% more Electrolytes!)

      Report Post » Flyingfish  
    • SShink
      Posted on May 9, 2012 at 10:35am

      I think you just need to give president Obama a chance. he has spent he last 3 years cleaning up the mess that George Bush left him. A few more months of monkeying around with the unemployment numbers and how they are counted, and he’ll have his promised sub-8% unemployment rate.

      Report Post »  
    • watcher2010
      Posted on May 9, 2012 at 2:22pm

      You think Romney’s not a liar? Think again.

      http://duanegraham.wordpress.com/2012/05/08/mittens-is-a-creepy-kind-of-cat/

      Obama‘s lies don’t hold a candle to the lies that the flip-flopping Romney tell. Not even close.

      Report Post »  
    • Wake Up Call
      Posted on May 9, 2012 at 6:16pm

      This site is in the US Library of Congress for its significance. The letter is on the home page. They know who Obama is now, but our Congress lacks the votes to do what needs to be done. Please click on the blue links. TheObamaFile.com Romney knows how dire our situation is and good patriots like Judge Bork, John Bolton, Christie, Pawlenty, Dan Quayle, Jack Welch, Paul Ryan, Coulter, Gov. Pete Wilson and many more are behind him 110%. WhyRomney.com Please view this video on You Tube—”Mitt Romney vs Obama 2012, Mitt Romney Video”

      Report Post »  
    • Wake Up Call
      Posted on May 9, 2012 at 6:20pm

      Please view this video on You Tube “Mitt Romney vs Obama 2012, Mitt Romney Video” Romney knows exactly how dire our situation is. He does not need the hassle, money or glory. He is going up against this beast for us and his family and friends. http://youtu.be/qKMDS4cB58U

      Report Post »  
    • stopspendingourmoney
      Posted on May 9, 2012 at 11:30pm

      I Think Ron Paul has been ringing the warning bells for years now, but pay no attention people nothing here to see keep walking with your heads in the sand..Ron Paul 2012!!!!!if you want to save our Country.

      Report Post »  
  • happ77
    Posted on May 8, 2012 at 4:45pm

    Hey socialismsukcs you should try reading a few history
    books. Take a good look at Man’s progress before and
    after Freedom and real Capitalism not the croney stuff
    we practice under this thief. Oh, thats right, your a moron.

    Report Post »  
  • JohnQTaxpayer
    Posted on May 8, 2012 at 4:29pm

    How easy it is for the Occupiers to place ME into the chains of communist oppression

    They need to know one small detail

    I would cut out their heart and eyes with a chain saw and feed them to wild hogs to keep
    the freedoms and liberty I was born with

    JQT

    Report Post » JohnQTaxpayer  
    • vox_populi
      Posted on May 8, 2012 at 6:17pm

      “I would cut out their heart and eyes with a chain saw and feed them to wild hogs to keep
      the freedoms and liberty I was born with”

      …lol?

      Report Post » vox_populi  
    • JohnQTaxpayer
      Posted on May 8, 2012 at 6:50pm

      Buzzzzzzzzzzzzzzzz

      Report Post » JohnQTaxpayer  
    • JohnQTaxpayer
      Posted on May 8, 2012 at 7:51pm

      What you think that transforming this country to communism will be just like presto magic and it’s done. 300 million people will just say ok to oppression, people who worked and paid taxes all their lives will just give it up to the collective.
      What will you do with those who will not? I will not. I was born into freedom and have been free all my life, what you think I am alone, I am not.
      You will have to take my freedom by force. Just because some idealistic professor says communism is good, does not mean everyone will be willing to go along with that.
      Read history the communists had to kill a lot of free people to get to compliance.
      How many are you willing to see die, for a bad idea?

      JQT

      Report Post » JohnQTaxpayer  
    • devildogger
      Posted on May 8, 2012 at 8:09pm

      Man, you’re too nice. I’d stake their a** out over a fire ant hill and pour honey over their eyes right after I kicked the ant hill.

      Report Post »  
    • crazyrightwingmom
      Posted on May 8, 2012 at 9:34pm

      John Q: It will be too slow to recognize…they will control your medicine and your food. Just keep your guns!

      Report Post »  
    • VinnieSquawker
      Posted on May 9, 2012 at 10:12am

      Hate to be the bearer of bad news but the socialism-creep is alive and well in the good old USSA. Look at gov’t regulation of schools, banks, insurance companies. This was never the idea. The idea was that the states would regulate these entities. That would promote competition among states. Now the fed has monopoly status. If it were a public company the government would force a break-up. It is here at all levels, unfortunately. Most people are just to busy putting food on the table to push back. And that’s how it advances. Lethargy on the part of We the People. Communism/socialism is not the scary boogie man that Russia was in the ’70s. It is warm, and fuzzy and let’s you not have to think. That’s mighty alluring to a lot of people: don’t have to think, no individual responsibility, just ask Big Brother to do it all for you.

      Report Post » VinnieSquawker  
  • jungle J
    Posted on May 8, 2012 at 4:25pm

    trying to reason wth the unreasonable is a form of insanity.

    Report Post »  
  • madderg
    Posted on May 8, 2012 at 4:15pm

    Our government leaks money badly and mostly because they want to. What has to be done is to enforce our laws, on the borders and in the cities. If a city like Portland or Eugene Oregon can proudly declare themselves a sanctuary city, they damn well can do without state or federal money and start paying the fines for breaking both state and federal laws. These places need to be forced to change, and the younger generation is our future hope. Know the constitution of this nation and the laws. It used to be taught in schools and studied around the kitchen tables, we need to get back to our roots to become responsible, honest and hardworking. We need to center ourselves and families in Faith…we need to start yesterday.

    Report Post » madderg  
  • jungle J
    Posted on May 8, 2012 at 4:12pm

    Don’t complain too much about the military..if it was’t for them you would be speaking german/japanese and or wearing a burka or not have your head attached to your neck…want to complain about someone complain about the public employess and bureacrats. They are the real problem.

    Report Post »  
  • Mr Sanders
    Posted on May 8, 2012 at 4:10pm

    Rick is a great guy and states it as it lies – Not much else to be said there except…

    They also get to pay for Chris Dodds’ refi too!

    Report Post » Mr Sanders  
  • Tom K
    Posted on May 8, 2012 at 4:07pm

    We just had a little neice born and we told her she was already $50,000 in debt and she just cried and cried and pooted. She is a very smart and award little girl. What a world to be born into. We have already apologized to her. Not long ago, her older cousins were duped into singing ” Barack Hussein Obama – uh huh, uh huh, uh huh “. Now they are being home-schooled to reduce the Government School propaganda and green-washing. Anyone BUT Obama in November !

    Report Post »  
  • IDONTTHINKSO
    Posted on May 8, 2012 at 4:05pm

    @socialism.rocks
    With what you said, it really kind of proves progressiveslayer’s point, just how many of your blue states have the highest of every thing thats bad, high unemployment, high crime, high drug use and much more!

    Report Post »  
  • FromSeaToSea
    Posted on May 8, 2012 at 4:02pm

    What would Bill Ayers do in Your shoes? organize
    What would Francis Fox Piven do in Your shoes? organize
    What would Obummer do in your shoes? organize

    Who’s won for the last 3 years?

    Might be time to wake up and organize.

    Report Post »  
    • sWampy
      Posted on May 8, 2012 at 7:57pm

      Organize is liberal code speak for terrorize, being a terrorist is never good, it’s time we start charging them with terrorism in courts, bankrupt them or jail them, and put their crap to an end in this nation once and for all.

      Report Post »  
  • thekuligs
    Posted on May 8, 2012 at 4:01pm

    Oh good, I am 28 so this totally doesn’t apply to me.

    However, I decided I was against debt at the age of 23 and never looked back. It ticks me off that the federal government doesn’t have to be balanced every year. Heck, if you are a dem you don’t even have to PASS a budget. Spend whatever you want until someone cuts up the credit cards.

    Report Post » thekuligs  
    • sb36695
      Posted on May 8, 2012 at 4:34pm

      Congratulations! You are wise beyond your years. Please try to educate others.

      Report Post »  
    • R.A. Bullseye
      Posted on May 8, 2012 at 4:51pm

      I love you.

      Report Post »  
    • soybomb315
      Posted on May 8, 2012 at 7:29pm

      oh how the government loves to kick the can down the road. Our national debt is over $40,000 per person so i have busy paying off all debt and saving everything else – at some point that debt will come due (one way or another).

      I’m 29 and have two kids – so we are pretty much screwed unless someone like ron paul gets in there

      Report Post » soybomb315  
  • JRook
    Posted on May 8, 2012 at 3:55pm

    “it’s dealing with “past due bills” Exactly, so the military contractors, infrastructure contractors, big pharma, IT companies and the host of companies who benefited from the PAST federal spending should be prepared to pay it off through higher taxes on income and wealth. Not the younger generation. And neither SS or Medicare are the problem as of now as they are technically solvent now. So it was the overspending in other areas that resulted in the federal government writing IOUs to the trust funds. If you look at the discretionary spending it doesn’t cause the deficit we have. Everything needs to be cut EQUALLY to balance the current budget. Payroll taxes need to be levied on every dollar earned. And there should be a tax surcharge earmarked for the deficit.on the baby boomer generation that is earmarked to the federal spending that improved their lot in life while it was occurring. To argue otherwise is to ignore the facts of where the deficit came from and who benefited from it.

    Report Post »  
    • FromSeaToSea
      Posted on May 8, 2012 at 4:06pm

      Nothing is ever going to be paid off. NOTHING. We will most likely defaut through the continued destruction of the dollar. When the dollar is worthless we just digitize the amount we owe everyone and push the button on the terminal. PAID IN FULL. If US citizens savings is destroyed, even better. No need in a marxist society for anyone to have much more than the next slave.

      Report Post »  
    • RJJinGadsden
      Posted on May 8, 2012 at 4:18pm

      Then by your idea, the unions who seemed to have benefited the most should start handing over bushel baskets of money.

      Report Post » RJJinGadsden  
    • boyd9
      Posted on May 8, 2012 at 4:40pm

      There is only ONE way to pay off this debt, get rid of Obama, get rid of the EPA or make them impotent as far as energy stopping regulations are concerned, drill like crazy, kill green energy and all the subsidies that they require, switch to natural gas vehicles and tax gas and oil enough to repay the debt. It will still be cheaper than green energy. We will have jobs and we will have cheap energy and the government can get out of debt if we can keep the progressive politicians in both parties out of office.

      Report Post »  
    • Firebrand
      Posted on May 8, 2012 at 5:06pm

      @jrook
      What about the companies that didn’t (as you are explaining) benefit from all that government spending? What about all the employees that those companies hired to keep up with the government contracts? What about all the gardeners, housekeepers, accountants, tax professionals, caddies, waiters/waitresses, valets, yacht builders, groundskeepers, stable masters, etc… that get jobs (and therefore pay taxes) from the executives of those companies in addition to the employees? In your opinion, how much of what a company makes in profit should they get to keep?

      There is a problem. Companies charge exorbitant prices for their goods and services when dealing with the government because the government is notorious for backing out mid-project. At the same time, the government doesn’t have a problem with spending $150 for a hammer, $32 for a nail, $16 for a muffin, 3/4 million for a conference on waste…. and so on. So where does the buck stop? You start by saying that discretionary spending garnered huge profits for the companies that receive their benefit, but then turn around and say that discretionary spending isn’t the problem. Maybe I’m a little confused…

      Report Post » Firebrand  
    • JRook
      Posted on May 8, 2012 at 5:20pm

      @Firebrand By discretionary spending I mean the individuals who like to place the blame for the federal deficit on the 15 year old crack head mother who is getting $300 a month on welfare and $300 in food stamps. (not sure exactly the amounts). Your point is exactly mine. No dollar of federal spending is necessarily better than any other. Except that similar to businesses debt should only be used for investments that will bring future returns.. such as infrastructure, technology and education. The problem is that under Reagan there was a defined policy to “starve” the beast in terms of cutting taxes rather than cut spending. It is this almost three decades (remember Clinton achieved a surplus) of this policy that has brought us to this point. And economic policies that have placed us in a race to the bottom in terms of real wages and standard of living. We should have been advocates of workers in developing countries being paid a fair wage rather than having companies make short term profits by exploiting them. If workers in developing countries had enough money to spend on stuff, they would add to their countries economy and the world’s economy. As it is now we are stuck in a cycle of companies finding the next cheap labor. As for the government’s overspending I would attribute it to the revolving door and political paybacks.

      Report Post »  
    • Therightsofbilly
      Posted on May 8, 2012 at 5:42pm

      Hi RJJ,

      You hit the nail on the head.

      JROOK will never utter a discouraging word when it comes to unions.

      Only the evil corporations and businessmen are to blame in JROOKS eyes.

      Hey ROOK, do you know at what percentage you would have to tax the income and the wealth of the rich in order to pay off your “Past bills”? While at the same time leaving the “young” alone?

      Why not the young, JROOK?

      They helped put Obama in office as much as any other group.

      And are you seriously blaming Reagan instead of the Dems for not cutting spending?

      And are you actually giving the credit for that surplus to Willy, instead of the Republican congress that he ushered in to office in his first mid-term?

      Rook, you have a warped view of history.

      Report Post » Therightsofbilly  
    • Therightsofbilly
      Posted on May 8, 2012 at 5:44pm

      Workers of the world unite

      Right JROOK?

      Report Post » Therightsofbilly  
    • Firebrand
      Posted on May 8, 2012 at 6:08pm

      @jrook
      I think we can both agree that there are companies that take advantage of government funding, but at the same time, does that mean that there is no fraud on the individual level when it comes to the impoverished? It seems (to me) that your logic is “since they are poor or going through hardship, they can’t game the system.” Is that correct?

      I‘ve never heard anyone say that we shouldn’t help those that need help. What I have heard is a call for “responsible” government spending. When a company enters into a contract, the government is paying for a good or service. Which it receives. Though usually at an astronomical mark-up.

      Everyone that works pays into SS and MC, and therefore are entitled to their benefit. BUT, when the government gives to the impoverished, the only requirement (at the present) is that they be poor. There is nothing asked of them except that they continue to prove that they are poor. So I ask you, what are those programs incentivizing? Pulling yourself up by your bootstraps, staying poor, or committing fraud?

      We feel good when we give without asking in return. But that’s with our own money. If you gave me money every year, and I was giving it away, wouldn’t you want to know if ALL of it was being spent wisely? Both on the things that you did and didn’t want me to spend on? If not, wouldn’t you want to keep more of it, so that you could spend it the way you think is best? That‘s the right’s position.

      Report Post » Firebrand  
  • doomytram
    Posted on May 8, 2012 at 3:55pm

    The young voters need to roll out and support the Right. It won’t change everything, but the ridiculous Left doesn’t have a leg to stand on…. There has been a shift, and anyone with anything resembling a functioning brain should know that Commie Oblamer is devoid of anything to help the economy. That he, Oblamer, can do anything but further destroy the USA if re-elected is common sense and glaringly obvious. Especially if you don’t listen to, watch, or believe what the CIA disseminates down to us through their lies and propaganda.

    Report Post » doomytram  
    • encinom
      Posted on May 8, 2012 at 4:05pm

      The right only offers corporate slavery and ignorance to the youth, that and mindless and strict adherence to ancient myths and supersitions.

      Report Post »  
    • rs9
      Posted on May 8, 2012 at 4:27pm

      Enama mon
      Socialism only offers slavery to the state and ignorance.
      your choice bit#h

      Report Post »  
    • NHwinter
      Posted on May 8, 2012 at 4:35pm

      Encinon – http://www.tomwoods.com/blog/marxism-and-the-intellectuals/ Watch, learn, and weep at all you haven’t known.

      Report Post » NHwinter  
    • Mike N
      Posted on May 8, 2012 at 4:57pm

      .
      @ ENCINOM . . . always too chickensh*t to start your own string, for fear that all future responses will be to your post.

      You know absolutely nothing about the virtues of capitalism. Yes, there is corruption in big business, just as there is in big government. The difference between the two is that business is productive, and government is not.

      As for your belief that it’s a good thing to prop up the loafers with disproportionate taxes on the wealthy, consider the folowing . . .

      America’s ability to support her people with jobs is no less dependent upon the preservation of investment capital, than is our ability to heat our homes dependent upon the conservation of energy where it need not be expended.

      Open your eyes and consider, if only for ten minutes, the fact that capital is a resource. Take that capital away with overtaxation, and you have no fuel for the maintenance of existing jobs, let alone for the creation of new ones . . . then ENCINOM, what kind of a fix will we be in? Where will the money come from then? . . . Trees?
      .

      Report Post »  
    • encinom
      Posted on May 8, 2012 at 5:19pm

      @Mike

      Tell what Bain Capital produced as it destroyed American factories and shipped the jobs overseas?

      And when the private sector is not creating jobs? When they hoard the gold is it not the roll of the government to infuse the system with capital. Austerity does not work, it chokes any recovery. Eisenhower saw tax rates well above what they are today, yet there was an explosion of growth, fuel in a large part by the government spending on an interstate highway system.

      Ayn Rand was a fool as are her followers.

      Report Post »  
    • Git-R-Done
      Posted on May 8, 2012 at 6:03pm

      Encinom – You’re an idiot b/c no wealthy person is going to hoard all of their wealth. They’re either going to invest in something or their wealth is just going to shrink.

      And you also don’t know how the income tax system works.

      Report Post »  
    • encinom
      Posted on May 8, 2012 at 7:01pm

      Git-R-Done
      Posted on May 8, 2012 at 6:03pm
      Encinom – You’re an idiot b/c no wealthy person is going to hoard all of their wealth. They’re either going to invest in something or their wealth is just going to shrink.
      ______________________
      The millions that Romney keeps in off shore accounts is not hoarding? The Trillions being held by corporations in bank accounts and not being reinvested in equipment, salaries or additionally workers in not hoarding? No you are just drunk on the Fox News koolaide that protects the rich while making sure the paranoid, ignorant few keep on voting agianst their interests.

      Report Post »  
    • Therightsofbilly
      Posted on May 8, 2012 at 7:35pm

      @ENCINOM

      If as you say, we are paranoid, ignorant and FEW……….How is it that we were able to totally kick your collective asses in November 2010.

      You were drubbed so bad your Grandkids will hear the stories of that fateful day.

      Report Post » Therightsofbilly  
    • The Eradicator
      Posted on May 8, 2012 at 11:04pm

      In reply to Encinom,

      Actually, I have to agree with you…In regards to corporations holding salaries steady, pushing for cheaper labor, and corps having all time high profits, he is right. Companies are holding their cash. They are not paying anyone, anymore. One person now does the job of two, maybe three people (Whether it is sales, manufacturing, etc, all companies are doing this). I should know. I am part of one. Their profits are at all time highs…yet, there are less raises and more focus on cutting op-ex. Not to mention, companies are looking for a way to outsource their labor. While this has been happening for years, it is more prevalent now.

      Now, here is where I disagree with Encinom. Why are corporations doing this?…It is because they are being squeezed…forced if you will to make moves that in the end hurt the American worker. They are over taxed, over-regulated, and losing opps to foreign countries. While over-regulation and taxation has been happening for years, it has only grown and become more prevalent under this administration. There is a fog and the corps are simply hedging their bets. I mean, why else sit on record high profits? Its no different than you saving money for an inevitable disaster. You simply save…hedge your bets. You cut spending, reduce energy cost (lower heat, raise AC, etc.), eat in more, whatever. Point is, corps are leveraging for something.

      You want American corps to get competitive again?…Provide them the ability to.

      Report Post » The Eradicator  
    • encinom
      Posted on May 9, 2012 at 12:28pm

      @The Eradicator
      We both see the same problem, we just disagree on the cure.

      Corporations on average today are paying nearly half the statutory tax rate and are paying a effective tax rate around 18% (Federal, not including state and local taxes or tax incentives). To argue that they are being over taxed is does not hold water to reality.

      The other issues you raise call for lowering the US standards. You are asking for US workers to expect less money, no benefits (of course national health care would ease this expense from businesses) and no work place safety, additionally you want limited consumer protections if we are to model our economy on the third world were these Corporations set up their sweat shops. We went through this during the late 19th and early 20th Centuries. Many of today’s regulations and the rise of the unions can be traced to the corporate abuses of the Robber Barron era.

      What we need is a smart system trading system with a tax regime that discourges relocating factories overseas. We need unions to work with foreign labor movements to raise the standards in the third world, not lower them here. And we need to have end the tax loop holes and subsidies for successful industries (does big oil, after years of record breaking profits need more tax payer money).

      Report Post »  
  • lukerw
    Posted on May 8, 2012 at 3:55pm

    He is… THE MAN! Yea… Rick… tell it like it is!

    Report Post » lukerw  
  • IDONTTHINKSO
    Posted on May 8, 2012 at 3:54pm

    The true youth of the future already know their task; it’s the other idiots the ones that want it all for free, free of responsibility, every high school and college campus across the country know the ones I’m talking about, lazy, never pleased, want it now, give it to me under my conditions, I’m the smart one here, we’re going show you old folks how to run a country, why should I pay for what I get and we’re just making the rich, richer! Those are the idiots that scare me; they have been lied to and taken advantage of all their lives by the very people who will destroy them! Liberal idiots. Think about kids, do you really think they would give up what they have for you?

    Report Post »  
    • ADNIL
      Posted on May 8, 2012 at 7:30pm

      When Oblamer promises to rob Peter and redistrubute to Paul, who do you think Paul is going to vote for?

      Report Post »  
  • whatthecrazy
    Posted on May 8, 2012 at 3:53pm

    Off topic a smidge Can anybody tell me how it is that buying gold with money that will no longer be worth a darn can make sense.Why are gold companies selling thier gold in exchange for paper that they know is going to be worthless.There is something rotten going on here and i wish somebody could explain this to me.

    Report Post »  
    • jungle J
      Posted on May 8, 2012 at 4:24pm

      you have an inquiring mind.

      Report Post »  
    • ChiefGeorge
      Posted on May 8, 2012 at 4:25pm

      Because we are going cashless and over to a credit system…or points! Gold/Silver will not work in this system. It will be your time worked = credits/points in your government run bank account. To withdraw, simply take the chip they will be implanting to be scanned when making your purchases. Points/credits are deducted. Got a pension? Well thats where you get special government credits. The old school of Gold and Silver will be gone, except for commercial uses, these metals belong back to mother earth they will contend and will be illegal for use…soooo you will not be able to barter with them as no one will accept them…this is our future and its coming soon. The Bible does speak about the rich men of the earth throwing their gold and silver into the streets because it will be worthless in the last days.

      Report Post » ChiefGeorge  
    • Exrepublisheep
      Posted on May 8, 2012 at 4:28pm

      Goldline etc… are selling paranoia. Their gold is sold for more than it is worth with the knowledge that the dollar will recover and increase their profits. It‘s why it’s reprehensible for people like Glenn Beck to yell about the sky falling while at the same time profiting off of gold sales.

      Report Post » Exrepublisheep  
    • devildogger
      Posted on May 8, 2012 at 8:32pm

      The federal government confiscated all privately owned gold back in 1933. What makes anyone think they won’t try it again? Then you have no money and no gold. You have nothing and become a slave. Maybe that was a contributing factor to WWII. Desperate people do dumb things, like listening to what a politician has to say and believing it is truth. And the next WW will make WWII look like a day at the park. There are now nukes, dirty bombs, etc. Get ready for the devolution of society. Great book on amazon by Aguirre about surviving the next financial crisis. He has also been interviewed and the interview is on youtube. Get armed or become a slave.

      Report Post »  
  • On The Bayou
    Posted on May 8, 2012 at 3:52pm

    The Obama`s don`t like Rick, he tells the truth based on facts. If the citizens of this country think Goerge Bush drove us in the ditch, wait a few years when they find out where we`re being driven to at this point in time.

    Report Post » On The Bayou  
  • J.C. McGlynn
    Posted on May 8, 2012 at 3:50pm

    The democrats created the largest voting block you could want. The “I Want Free Stuff Party”.

    Report Post » J.C. McGlynn  
  • kspatriot
    Posted on May 8, 2012 at 3:46pm

    There’s still time to fix this mess, but we MUST elect the RIGHT candidate. Fox News has FINALLY covered a bit of this, but for the most part the media, INCLUDING THE BLAZE, has been “blacking this out”.
    http://youtu.be/qaMvhcckFiQ

    Report Post » kspatriot  
    • countrysideflair
      Posted on May 8, 2012 at 3:58pm

      Yup, Ron Paul is as rare on the Blaze as he is on FoxNews, CNN, NBC, ABC, CBS, NPR, and wait for it… MSNBC. I am a Reaganite… I then followed the GOP pretty much all the way up to this point. Then my choice, Herman Cain, was destroyed by innuendo, that never was proven and has since disappeared. I knew then, the fix was in for Romney. No more!!! This time I became a delegate for the only man qualified to be President of the United States… Ron Paul. The only man that knows it isn’t about him… it is the movement back to freedom, back to limited government, and back to liberty!

      Report Post » countrysideflair  
    • West Coast Patriot
      Posted on May 9, 2012 at 1:48am

      Country, keep up the good fight. Watch this clip: http://www.youtube.com/watch?v=cohY6EuQxVI&feature=youtu.be

      Ron Paul is gathering the delegates. I am betting that he comes into the convention with more delegates than Romney. I believe that the delegates do not have to be bound on the first vote. I believe that the GOP will try to do some shenanigans to make it so, and if they do, they will show that they are just like the Dems of old. Even the Dems put in a rule tha says delegates do not have to be bound to one candidate. Right now rule 38 says the same:

      RULE NO. 38
      Unit Rule: No delegate or alternate delegate shall be bound by any attempt of any state or
      Congressional district to impose the unit rule.

      Unit Rule definition: A rule of procedure at a national politcal convention under which a state‘s entire vote must be cast for the candidate preferred by a majority of the state’s delegates.

      This could mean that Paul has a chance to win the nomination on the first round, but also means that it could cause the brokered convention that we want.

      Go Ron Paul and his loyal supporters.

      Report Post » West Coast Patriot  
  • carpee
    Posted on May 8, 2012 at 3:46pm

    Good thing we don’t have to pay back the bills when Jesus comes back

    Report Post »  
    • Mapache
      Posted on May 8, 2012 at 3:57pm

      uh, what bills were you talking about? Maybe we do?

      Report Post » Mapache  
    • undercover
      Posted on May 8, 2012 at 4:07pm

      Your wrong about that – everyone will get his due and justice will be swift and without partiality.

      Report Post »  
    • sndrman
      Posted on May 8, 2012 at 5:01pm

      **undercover**what about affirmative action? do they get in to?how about blaming others?will self responsibility be a factor? will O‘kenyan’s salvation be connected to mine and others?….

      Report Post »  
  • Mutiny
    Posted on May 8, 2012 at 3:45pm

    So he is saying we need to cut spending and debt? Who seems to be rallying the youth vote these days? Oh yeah. Well Santelli is right again.

    Report Post » Mutiny  
  • EqualJustice
    Posted on May 8, 2012 at 3:44pm

    You should hear all the young people who graduated in 2008 until now. They are pissed! Most of them sold their souls and voted for Obama for a free slice of pizza or a free rock concert. Boy, are THEY sorry now. Living in the parent’s basements, working two part time jobs while they desperately look for CAREER employment. HAHAHA I‘m betting they won’t vote for BO again. ;)

    Report Post » EqualJustice  
    • J.C. McGlynn
      Posted on May 8, 2012 at 3:54pm

      I listen to those same people and ask them “Why didn’t you get an education that you can use to get a job?” I did not go to college or graduate from high school.

      Report Post » J.C. McGlynn  
  • RamonPreston
    Posted on May 8, 2012 at 3:44pm

    Unfortunately they spend $1 on you and $49,999 on themselves. Those “safe houses” aren’t cheap, you know. By invitation only.

    Report Post » RamonPreston  
  • lbyrd26
    Posted on May 8, 2012 at 3:38pm

    Gotta love Santelli, he puts it like it is! I‘m surprised that CNN doesn’t fire him.

    Report Post »  
    • Zurich
      Posted on May 8, 2012 at 4:07pm

      Maybe he will just die of natural causes……..

      Report Post »  
    • CatB
      Posted on May 8, 2012 at 4:30pm

      I agree .. .I wonder what he “has” on CNN … I thought he would be gone long ago. Glad he is still telling it like it is .. these are the people who will spend their lives paying off Obamadebt .. don’t make it worse .. vote CONSERVATIVE.

      Report Post »  
  • progressiveslayer
    Posted on May 8, 2012 at 3:32pm

    The problem with socialism is when you run out of other peoples money you have anarchy,Greece can attest to that.We aren’t immune top it either and when the system collapses the communists and anarchists will be in the streets wanting to get their money from us.Problem is that paper will be worthless.

    Report Post » progressiveslayer  
    • socialism.rocks
      Posted on May 8, 2012 at 3:45pm

      tell that to the red-states that have lived off blue-states for sixty years trillions of dollars
      more money then has been spent on welfare —- get a grip you morons

      oh fox news just lauched fox latino- it will get more viewers then regular fox news and fox news will turn on you idiots~ it all comes down to the money chode

      Report Post » socialism.rocks  
    • Restored One
      Posted on May 8, 2012 at 3:52pm

      @socialism, I can see that the education paid off on you, just look at your posts lack of punctuation. Your message gets lost in your ignorant hand.

      Report Post »  
    • progressiveslayer
      Posted on May 8, 2012 at 3:52pm

      Sounds like stupidity comes easy for you and all your indoctrination has paid off,socialism sucks so does communism and both sick twisted ideologies will fail.Capitalism rules and will outlast the two BS isms,communism and socialism.

      Report Post » progressiveslayer  
    • Macrobat
      Posted on May 8, 2012 at 4:11pm

      S.R, you are a moron. It is exactly the opposite, your nany states have been paid for off the backs of those of us in the red states paying our taxes while you run more and more of your tax base out of the state with your confiscatory practices.

      Report Post » Macrobat  
    • RJJinGadsden
      Posted on May 8, 2012 at 4:26pm

      If SOCIALISM.ROCKS and MR_MOLOTOV_COCKTAIL are not one and the same person they must be twins. Same scrambled brains message word for word every time.

      Report Post » RJJinGadsden  
    • AxelPhantom
      Posted on May 8, 2012 at 11:49pm

      Socialism,
      Your info is outdated and going on a decade old (2004 based on 2003 stats), not to mention the very fact what you are complaining about has more to do with socialism and big government (special treatment of certain protected groups) than anything else.

      Here is a recent (2010) detailed breakdown of Federal monies sent to states

      http://www.census.gov/prod/2011pubs/fas-10.pdf
      If you look you will see the answer to your question.

      1) States that cost more to live in, result in higher wages, though not necessarily a higher standard of living and since taxes are percentage based, more taxes are collected in areas that have a higher cost of living, less in more affordable ones where both the cost of living and wages are low.
      2) The higher your percentage of the population under the age of 18 the higher the number of children you have in schools; the more kids, the more in need of “special services” (Dept of Education).
      3) The older your population, the more it costs for “health services” covered by the Feds (Department of health and human services).
      4) The more miles of Federal roads you have the more it costs to maintain them (ex. As of 2001, Tx has 13,361 miles of federal roads compared to New York State which has 5,144 or California which has 7,626 http://www.fhwa.dot.gov/ohim/hs01/hm41.htm) therefore Texas should get nearly 3x the money to take care of the Federal Roads vs. NYS (Department of Transportation).

      Report Post »  
    • AxelPhantom
      Posted on May 8, 2012 at 11:53pm

      Continued…

      5) The higher your population of Native Americans the more money you get
      6) The more miles of Coastline you guard
      7) The higher % of Homeless
      8) If you provide Nuclear Power Feds pay for some “safe” disposal
      9) Higher % of “special populations” such as minorities, mentally ill; How many Federal Prisons you have.
      10) The more minerals such as oil, coal and natural gas you have, the more you get from the Mineral Leasing Act.

      Report Post »  
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